88

Transactions Fonciere Lfpi Italia

acquires shopping centre Parco Dora in Torino

JULY 2014

Fonciere Lfpi Italia acquires shopping centre Parco Dora in Torino

On May 19, 2014 a wholly owned subsidiary of the group Foncičre LFPI Italy, sponsored by Banque Lazard and led by Stephen Keller, finalized the purchase from Nova-Coop of the shopping mall consists of 26 shops and located within the business park " Dora "in Turin, to the value of Euro 14,400,000 fully funded by equity.

The asset is fully leased to leading traders and since its opening one of the market leaders in the square in Turin.

Legal advisers to Fonciere:

The buyer has recourse to Raynaud & Partners, Avalon Real Estate and Studio Palandri respectively for the legal due diligence, technical and fiscal. LM

This announcement appears as a matter of record only

Capita Commercial Insurance Services Limited investment in Pardus Holdings Limited

Capita Commercial Insurance Services Limited's investment in Pardus Holdings Limited

Holman Fenwick Willan (HFW) Partner Ashwani Kochhar and Associate William Reddie have advised Capita Commercial Insurance Services Limited (Capita) on a transaction to finance the start-up of Pardus Holdings Limited, by taking a minority stake.

Legal adviser to Capita Commercial Insurance Services Limited:

As part of the transaction, Capita will provide business outsourcing services to managing general agent (MGA) Pardus Underwriting Limited, a wholly-owned subsidiary of Pardus Holdings Limited, which will initially write North American property insurance.

This is the third such investment Capita has made as part of its strategy of building a portfolio of minority equity stakes in insurance intermediary businesses to which it also provides business outsourcing services.

HFW also advised Capita on its previous two investments in MGAs:

• In a deal that was widely publicised in 2013, Capita took a stake in Cobalt Insurance Holdings in order to finance the launch of Shariah compliant MGA Cobalt Underwriting Services.

• In March 2014, Capita took a minority stake in Infinity Agency Limited, which specialises in high net worth motor insurance. LM

This announcement appears as a matter of record only www.lawyer-monthly.com Pardus Holdings Limited.indd 1 03/06/2014 12:20

Pardus Holdings

Parco Dora